2019 Year in Review
In 2019, we raised $3m to make flexible working the way of working. We released 30 major updates, resolving 1000+ items. We served an amazing 100 000 workspace members and grew our awesome team from 27 to 52.
We’re thrilled to announce that we raised $3 million to speed up our growth and take the OfficeRnD product and services to a whole new level. The new venture round is led by Flashpoint Venture Capital and LAUNCHub Ventures.
We’ve been growing exponentially over the last years, constantly improving our product and significantly expanding our team and customer base worldwide. As for today, we’re happy and proud of having 50+ teammates and more than 500 customers operating 1000+ locations that service more than 100 000 members.
We put an enormous effort into building the most robust and reliable flexible workspace management platform. And we want to continue delivering the best.
Here’s what to expect:
The new funding will go straight into developing our product even better and faster.
We’ll take the user experience, the functionality depth of our products and the services we provide to a new level and achieve our long-term vision – to make flexible working the way of working.
Because we believe that by completely transforming the concept of how we lease, rent, and use office space, the flexible workspace model is a movement that’s reshaping the future of work.
For us, the office should be more than physical space. Instead, it should be a space for innovation, collaboration, and enhanced productivity. Not only serving our immediate needs by accommodating essential amenities but adding value on top—by adopting hospitality as a core element of the workspace business, and by providing access to a strong community of like-minded professionals.
It’s what we call Space as a Service – The Workspace Evolution. An evolution that’s already happening.
Coworking and flexible workspaces have been growing rapidly over the last several years. As technological advances make remote work easier, it is expected to boom in the following years, disrupting the multi-billion dollar office space rental market. More and more Commercial Real Estate owners create flexible offices as this allows increased yields as well as makes their offer more attractive to tenants. Small and large businesses have the option to rent on more flexible terms than the typical multi-year lease.
But setting up and operating a flexible workspace involves servicing hundreds of people and making sure they are billed correctly, can reserve shared resources and have access to the right places. The community element and making sure that members get along nicely with each other is also a significant challenge.
To solve these challenges, we’ve built a software platform that automates all key business processes and integrates other workspace technologies such as access control, wi-fi, printing and more. To provide an end-to-end solution, we also offer a suite of white-label apps that help the members of flexible workspaces engage with their office and the workspace community.
Having all this, we dare to say that our products play a key role in shaping the future of flexible working. With the new funding, we’ll build on top of this not only in terms of product but in terms of services and global presence too!
OfficeRnD customers, you are appreciated. Through our imperfections, you’ve kept the faith, and you’ve made us what we are today. We are wholly committed to giving you what you want and need, and making you more successful. We have more passion, energy, and resources than we’ve ever had, and can’t wait to get all these new things into your hands.
“We believe that the way we work is currently changing in a significant way. As technology enables us to work remotely, workers are less keen to sit in cubicles and companies are exploring alternatives like coworking spaces and flexible offices to differentiate themselves. In order to serve these clients well, Commercial Real Estate owners need a technology enabler that allows them to manage operations efficiently. We looked into the market and were very impressed with Miro and the OfficeRnD team, which managed to build a market leader in the US and UK markets, incubating their R&D team in Bulgaria. With our investment they will be able to scale their R&D and Sales team further to be able to service even more happy customers.
—Alex Konoplyasty, Managing Partner of Flashpoint Venture Capital
We are among the first investors in OfficeRnD and we made a bet in this company when the term future of work was not even a buzzword. Miroslav has proven to be an amazing founder, who managed to build a strong team and the best product in the space, loved by their clients. The transformation in this industry is happening now and we are happy to continue being part of OfficeRnD’s journey.
—Todor Breshkov, Partner at LAUNCHub Ventures
P.S. If our story sounds like something you’d be excited to be part of, keep an eye on our Careers page! 🙂